Supervisor, Fund Accounting - Fund of Funds

Citco GSGS; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A global fund services leader based in Toronto is seeking a detail-oriented professional to join the Fund Accounting team. You will be responsible for preparing financial reports, monitoring compliance, and supporting the team manager in various capacities. Candidates should possess a University Degree in Accounting or Finance and have experience in the financial services industry. This role offers a comprehensive benefits package and values diversity.

Benefits

Range of benefits

Training and education support

Flexible working arrangements

Qualifications

• Experience in financial services industry and understanding of investment strategies.
• Extensive supervisory and managerial experience.
• Ability to meet deadlines in a challenging work environment.

Responsibilities

• Support team manager in client deliverables and staff development.
• Prepare financial reports and profit allocation statements.
• Act as client liaison for monthly reporting.
• Monitor compliance with agreements.
• Participate in the fiscal year-end audit process.

Skills

Financial reporting

Analytical skills

Organizational skills

Client service

Communication skills

Proficiency in Microsoft Office

Education

University Degree in Accounting, Finance, Economics

Professional accounting designation (CGA, CMA, CA, CPA, CFA)

Job description

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

About the Team & Business Line

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

As a core member of our Fund Accounting team, be working with some of the industry’s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.

Your Role

• You will supportthe team manager in discharging their responsibilities around completion of client deliverables, staff development and task allocation, process improvement and efficiency and profitability management.
• Oversee and prepare financial reports and profit allocation statements, including the calculation of “net asset value”, meeting client deadlines
• Act as a liaison with the client on matters relating to the preparation of the monthly reporting package
• Monitor compliance of various agreements and lead weekly/monthly calls with the clients
• Prepare monthly scorecards and KPI reporting
• Review monthly financial statements and reconciliation packages prepared by the staff and daily/monthly operational/control reporting
• Review the calculation of hedge fund specific expenses (e.g., management fees, incentive fees and other applicable fees)
• Ensure all applicable checklists are utilized and completed within established timelines
• Ensure adherence to all internal and external operating standards, procedures and best practices
• Participate in the fiscal year end audit process and provide information to auditors as required
• Lead new client on-boarding and new fund launches to successful completion
• Communicate with colleagues about administrative problems and devise plans to address them
• Keep managers abreast of all material issues affecting the NAV production process
• Train and support team members in their development
• Assist fund accounting staff to resolve day-to-day issues and contribute to performance management and evaluation efforts alongside the manager
• Contribute to effective department operations by facilitating cross training of funds across teams, coverage during high volume periods, and dispersing technical and operational knowledge to ensure adoption of best practices
• Actively provide a critical eye to the department’s processes and technology by continually seeking to improve the quality and productivity of internal processes and controls
• Actively participate in internal meetings and initiatives around operational issues and present possible solutions
• Assist with ad hoc projects

About You

• You have aUniversity Degree in Accounting, Finance, Economics or professional accounting designation (CGA, CMA, CA, CPA or CFA).
• Experience in financial services industry and an understanding of investment strategies and financials products, particularly around hedge funds and/or investment companies
• Extensive supervisory, managerial and client service experience
• Demonstratedfinancial reporting/analytical/organizational skills
• Applies strong business knowledge and technical expertise to develop and recommend solutions to complex problems
• Excellent verbal and written communication skills
• Proficiency with Microsoft Office and technical strength to navigate multiple systems and automated workflows
• Proven ability to work in a challenging, professional and deadline driven work environment

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process.